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<br /> .nd�tucdN+e.now ar txre.tter s p.n or aro propercy. A�t raqnoemait�.na�ki+tione+iw1.1w ea oc�i«a oy du.�r
<br /> Inwwnon� All�t tbe ta�oit�i�rofamed to i�this Security Luteuiaent a the"Propaty.»
<br /> BORROWBR COV�NANfS thu Burr�ower is lawfully�eised of the ezute heroDy conveyod and tw the ri�ht W gr�nt
<br /> +ujd canvey iheP�op�y and thu ti�e Pt+nperty b wiencumbened,except for encurt�bar�ces of recad. Barower wuranu ud
<br /> wlll detatd�a�eral�y the dtk w th�Propecty yd�ut all claimi�od dem�da,wbJect w�ny aicumbnnoes of record.
<br /> __—____ TH[S SECi11tITY INSTRUMENT cambinea uniform oovemnu for nubn�l use �nd non-urdform wva�a�ua with
<br /> Umited variatior�by juriWictia�to c�n�tiww Y unifam cecurity Lisdument coverUtg nrl pmperty.
<br /> UNIFORM COVENANT3. Barower Rnd I.uider cove�nt and agne as loU�ws:
<br /> 1. P�ya�tNt ot Princtprl lind I�ttresti PnW7a►eat�d I.�ta Char�a. Bamwor stuill pmmPUY PAY when due tbe
<br /> princip�l of u�d intaest on tha d�M evidenoed by the Note and iny pcep�yment and IRU charges dua under the Note.
<br /> 2. Ftiad�tor'l�tts�ad Insunna. SubJect to�pplia�ble law or to a written wdver by Lender,Borrowcr shatl pAy to
<br /> — Lendu on the day manihly pnyments xre due under the Note.until the Note ic paid in fuU,x sum("E�nds")for:(a)ycarly
<br /> - W�ces And axsessanuus wUich may etteln pdodty over thfa Secudty Inswmcnt as a lien on the Prnperty;(b)yesrly leasehald
<br /> pnymentc or ground rcnts oa the Propaty. if any; (cy yeuly hazaM or property tnsurance premiums; (d) ycarly flood
<br /> insurence ptemium�, if�ny; (e)yeuly mortg�ge inswrnce premiums,if any; and (� any sums payAble by BorroweT m
<br /> Lender.in ascordance wlth the provisiana of paragraph 8,in licu of the payment of moctgage insurance pnmiums. These
<br /> itom�au�e called"F.�cmw Items." Lender may,at ony time,collect raid hold R►nds in u�amount not to exceed the mAatmum
<br /> - �-- amount a lender for a federally related murtgage loan may roquirc for Borrower�escmw account under the federal Real ,
<br /> Estue Settlema�t Procalur�ec Act of 1974 as amended from dme to time,I 2 U.S.C.�2601 et seq.("RFSPA"),unless anolher
<br /> law that�►pplies to the Wnds sets a lesser unount. If sn,I..mder may.at any time,col{ect and hold E�Unds in an amount not W
<br /> s cxcad the lesser xmount. L.ender may estimatc the amount of R►nds due on the basis of cwTent dat+�eml rersunxble
<br /> estjmates of eapenditums of future F.scrow Items or otherwlse in a`cordance with applicabie law.
<br /> The Wnds shafl be held in an institution whosc deposits arc insured by a federal agency, instrumentality, or entIty
<br /> (including Lender.if Lender is such an institutlon)or in any Federal Home Loan Bank. l.ender shall apply the Funds to pay
<br />-= the Escrow Items. i.ender may na charge Borrower for holding and applying the Funds,unnually analyztng the escrow
<br /> =a account,or verifying the Escrow Items,unless Lendar pays Bormwer interest on the FUnds and applicable law permits
<br /> - Lender to make such a chuge. However,I.ender may nquire Bqirower to pay a one-time charge for an independent real
<br /> - es[ate u+x reponing service used by Lender in connect�on with this loc►n,unless appticable law provides otherwise. Unless an
<br /> - agrament is made or applicnble law requires intcnest to be paid,Lendor shell not be rcquired to pap Borrower any interest or
<br /> _- -- . eunings on thc Fi�nds. Borrowee and Lender may agree in writing,however.that intcrest shall be paid on the Funds. [.endcr
<br /> shall give to Borrower,wlthout charge.an annual ac:counting of the Funds,showing credits and debits to the Funds and the
<br />__;,: putpose foc which each debtt to tho Fl►nds was mwde. The Funcla are ptedged as additional secudty for all sums securcd by
<br /> —� _ - thic Security lnsuument
<br /> � � If the FLnds held by L.ender exreed the amounts permttted to be held by applicable law. Lender shall Accrwnt to
<br /> S Borrower for the excess Funds in accordance with the requirements of�pplicablc law. If the amaunt of the Funds held by
<br /> Lcnder at any time is not sufficient to puy the E.ccrow items when due,L.ender may so notify Bo�rower in wridng,and,in
<br /> _ �- .c sucb case Borrower shu11 pay to l.ender the amount necessary to make up the defieioncy. Bornower shall make up the
<br /> '`* deftciency in no more than twelve monthly payments,at L.ender�s sole discretion.
<br /> '� Upon payment in fuit of all sums secured by this Security Inst�vment,Lendcr shall promptly refund to Borrower any
<br /> `;'�;.;�:+i� Funds held by Lender. If,under parngraph 21,I.ender shali acquire or sell the Propecty.Lender,prior to the acquisition or
<br /> -�:sl+�' sale of the Property. shall apply any Funds held by L.ender at thc time of acqui�ition or sale as a credit againtt the sums
<br /> -: �!���'�•`�.�?��"` securcd by this Security Insirument.
<br /> 3. ApplkAtion of Payments. Unless applicable luw provides otherwise,all payments neceived by L.ender under
<br />-' , ,� I � paragraphs I and 2 shall be applied:first,to any prepayment charges due under the Note;second,to amounts payable under
<br /> -- �.:Hs c�.'. •=� • •• ara ra h 2;third,to 3ntercst dua;fourth,tu nci al due;and last,to an lato chur es due under the Note.
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<br />-- . r;s,.��•. ;.�..,_ ; 4. Churges; Liens. Bomower shall pay all tuxes, usxssmeots,rharges. fines and impositions attributable to the
<br /> �• ��'< � ' Property which mny attain priority over this Security Instrument,and leasehold payments or ground rents,if any. Borrower
<br />• "�''x ;��� shail pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on
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<br /> , � .,,� time dinecdy to the person owed puyment. BoROwer ahnll promptly fumish to Lender nll notices of amounts to be paiu under
<br /> .� ,:, ':"'�:'���: • "`•� this paragraph. if Borrower mukes these payments direclly,Borrower shull promptly fumish to L.ender receipts evidencing
<br /> �.s?,. .���,::t��ti�;:' :. thcpayments.
<br /> �"� >,�.�.��'i'. ;.�:i Barrower shail promptly discharge any Iien which hns priority over thiti Securiry Instrument unless 8orrower:(a)agreex
<br /> '.<;sf�ss'• • in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the
<br /> _ " •';�-f��.' lien by,or defcnds against enforcement of thc licn in,lcgal pnxcedings which in the Lender's opinion operate to prevent the
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<br />- � •�;:��r-F�; • enforcement of the lien;or(c)securcs from the holder of the lien an agrcement satisfactory to Lender subordinating the lien
<br /> �' to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority �
<br /> �� '"' �� . ' ' over this Security Insuument,L.ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> T'°"' �., .�'"°� •• ��� one or more of t6c actions set fonh above within 10 days of the giving of notice.
<br />- . •�'"s• ' S. HAZwrd or P�operty InsurAnce. Borrower sfiall keep the improvements now existing on c�reafter erccted on the
<br />- .;+�. " Property insured against loss by�re,hazards included within thc term"extended coverage"and any other huards,includins =
<br /> h �•"��` floods or floading, for wiuch Lender requires insurance. 'I1�is insurance shall be maintained in the amounts and for the
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